(Bloomberg) — The U.S. economy’s latest report card — featuring fresh readouts on growth, inflation, spending and wages in the first three months of the year — is set to include a mix of good and bad marks. The headline measure of first-quarter economic growth will appear weak, perhaps even negative, as a ballooning trade […]
Read More(Bloomberg) — Massive outflows from U.S. equity funds are just getting started as the Federal Reserve ramps up its hawkish rhetoric, according to Bank of America Corp. strategists. In the week through April 20, investors pulled $19.6 billion from U.S. large caps, the largest exit since February 2018, the strategists wrote in a note dated […]
Read More(Bloomberg) — Investors are rapidly exiting stocks, with U.S. equities seeing their biggest weekly outflows of the year as recession fears take hold. U.S. equity funds had outflows of $15.5 billion in the week through April 13, while European funds experienced a ninth straight week of outflows, Bank of America Corp. strategists wrote, citing EPFR […]
Read More(Bloomberg) — Insurance executives who oversee more than $13 trillion in assets expect the U.S. to enter a recession in the near future, according to an annual survey conducted by Goldman Sachs Group Inc. Of 328 chief investment officers and chief financial officers polled, more than 60% anticipate the world’s largest economy will experience a […]
Read More(Bloomberg) — Even after one of the worst starts to an equity trading year in history, the market upheaval might just be getting started. Ominous signs are piling up that more turmoil is still coming, as key indicators point toward a potential recession. That could deepen the market rout triggered by the Federal Reserve leading […]
Read More(Bloomberg) — Historically, a surge in crude-oil prices of this magnitude have ended U.S. economic expansions and tipped the U.S. economy into recession, according to Pictet Asset Management. In the past 50 years, every time oil prices, adjusted for inflation, rose 50% above trend, a recession followed, data from Luca Paolini, chief strategist at Pictet, […]
Read MoreWhat Are 5 Recession Resistant Industries? When a recession or an economic slowdown occurs, markets become volatile, leading investors to sell stocks. While some industries are very susceptible to economic changes, other industries perform well regardless of what’s happening with the economy. Although no company is entirely recession-proof, the following industries tend to see strong […]
Read MoreStocks have surged higher since the market bottom, but this expert says the market’s near-term picture looks dicey. Here’s why.
Read MoreAnd why one economist says the U.S. is more than likely to see a double-dip recession as coronavirus cases spike heading into flu season.
Read MoreOne of the interesting threads that comes out of periods of market volatility is a wave of investor rotation into “defensive” sectors, which usually includes Utilities, Consumer Staples and other pockets of the market that investors tend to think of as safe havens when market uncertainty is high. Another favorite topic analysts seem to like […]
Read MorePlus, Moderna said its coronavirus vaccine candidate showed a promising immune response in older patients in an early trial, Kansas City Fed President Esther George warned of a double-dip recession, and McDonald’s has reportedly expanded the scope of its investigation against former CEO Easterbrook.
Read MoreOver the last week, the market has been set on pushing to new higher highs, with the Nasdaq setting a new all-time high at the beginning of this week and the S&P 500 breaking above its last pivot high in May. The start of a new earnings season seems to have lifted investor sentiment, as […]
Read MoreThe S&P 500 could see a 30% to 40% drop over the next year if history repeats itself.
Read MorePlus, the National Bureau of Economic Research officially declared the coronavirus recession began in February, Signet Jewelers shares are down after reporting earnings, and shares of an electric truck maker with no revenue jumped more than 100% yesterday.
Read MoreWe’re in “a brutal recession,” and it may take a while for the market to recover amid the coronavirus pandemic. Here’s what one expert says to expect.
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